One of the most important production decisions is the choice of production method and the factor inputs. What factors will influence the choice?
Posts tagged as “market”
Business managers need to decide upon the appropriate price being used by the company to successfully market its products.
Price is the amount of money paid by a customer to purchase a particular product – good or service, irrespective of its value.
The market location includes the specific place where the transactions happen and the specific place where customers can be found.